Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Imperial HotelTSE:9708 86 PB Ratio is 2.52 as of Jul. 31, 2026, which is 4% above its 10-year median of 2.42. GuruFocus rates TSE:9708 with a GF Score™ of 86/100 and a GF Value™ of 円1,097.40 (Fairly Valued). The stock has 3 warning signs investors should review. Among 793 Travel & Leisure companies, Imperial Hotel ranks worse than 69.36% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-31), Imperial Hotel's share price is 円1000.00. Imperial Hotel's Book Value per Share for the quarter that ended in Mar. 2026 was 円397.42. Hence, Imperial Hotel's PB Ratio of today is 2.52.
Good Sign:
Imperial Hotel Ltd stock PB Ratio (=2.52) is close to 5-year low of 2.27.
The historical rank and industry rank for Imperial Hotel's PB Ratio or its related term are showing as below:
TSE:9708'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.42 Max: 4.12
Current: 2.52
During the past 13 years, Imperial Hotel's highest PB Ratio was 4.12. The lowest was 1.19. And the median was 2.42.
TSE:9708's PB Ratio is ranked worse than 69.36% of 793
companies
in the Travel & Leisure industry
Industry Median: 1.47
vs TSE:9708: 2.52
During the past 12 months, Imperial Hotel's average Book Value Per Share Growth Rate was 8.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Imperial Hotel was 7.20% per year. The lowest was -13.80% per year. And the median was 1.80% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Imperial Hotel PB Ratio Related Terms
Imperial Hotel PB Ratio Historical Data
* Premium members only.
The historical data trend for Imperial Hotel's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Lodging subindustry, Imperial Hotel's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Imperial Hotel PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Imperial Hotel's PB Ratio distribution charts can be found below:
* The bar in red indicates where Imperial Hotel's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Imperial Hotel's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Imperial Hotel (TSE:9708) has a PB Ratio of 2.52 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Imperial Hotel and its competitors. This is near median its historical median of 2.42. Over the past decade, Imperial Hotel's PB Ratio has ranged from 1.19 to 4.12. According to the industry distribution chart, Imperial Hotel ranks #550 out of 793 companies in the Travel & Leisure industry, placing it in the top 69.4%.
Is Imperial Hotel's PB Ratio too high?
Imperial Hotel's current PB Ratio of 2.52 is near median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 4.12. The Travel & Leisure industry median PB Ratio is 1.47. Imperial Hotel's value of 2.52 is 71.4% above this industry median. Based on the distribution chart, Imperial Hotel ranks #550 out of 793 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Imperial Hotel has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Imperial Hotel's PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Imperial Hotel ranks #550 out of 793 companies for PB Ratio. This places Imperial Hotel in the lower half of its industry. The industry median PB Ratio is 1.47. Imperial Hotel's value of 2.52 is 71.4% above this benchmark. Historically, Imperial Hotel's own PB Ratio has ranged from 1.19 to 4.12 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 1.47, Imperial Hotel has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.47, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Imperial Hotel's current PB Ratio of 2.52 is 71.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Imperial Hotel and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Hotel's current PB Ratio is 2.52, which is near median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Hotel stock overvalued right now?
Based on GuruFocus' analysis, Imperial Hotel (TSE:9708) is currently considered Fairly Valued. The stock's GF Value™ is 円1,097.40, compared to a current price of 円1,000.00 — trading 8.9% below its estimated fair value. The current PB Ratio is 2.52, which is near median its 10-year median of 2.42 and 71.4% above the Travel & Leisure industry median of 1.47. Imperial Hotel's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Imperial Hotel (TSE:9708), the current PB Ratio is 2.52 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Imperial Hotel (TSE:9708) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Hotel stock appears to be undervalued.
The current stock price of 円1,000.00 is trading 8.9% below its estimated GF Value™ of 円1,097.40.
GuruFocus considers Imperial Hotel to be Fairly Valued.
Key valuation signals for TSE:9708:
PB Ratio: 2.52 (near median its 10-year median of 2.42)
GF Value™: 円1,097.40 vs. price of 円1,000.00 (8.9% below fair value)
Industry Position: 71.4% above the Travel & Leisure median (#550 of 793)
No single metric tells the full story. See the TSE:9708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Hotel Ltd is a Japanese-based company involved in the management and operations of hotels. The company is engaged into the operations of the Imperial Hotel Tokyo, the Imperial Hotel Osaka, and the Kamikochi Imperial Hotel, where it offers a range of services such as room, meeting and banquet, lounge, and other facilities.
86GF Score
Get the complete analysis for TSE:9708
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9708 has been successfully added to your 
